Looks a lot like the bottom of the XRPUSD pair awhile back ago so I copied the candles and dropped them to align it. The hearing today was strong for Ripple and weaksauce for the SEC. The Wyoming news for setting up chess pieces for Ripple is fantastic. Fundamentals are still sound regardless of the heat. XRP always has been the high risk high reward. Could still target $1 - $3 by EOY....
Some things to remember about XRP
1. Clarity given is necessary before UK launches Fast Payments operation "Big bang" as they call it Nov 5th..goes live Nov 22nd....this includes Ripplenet as well as many other backend protocols turnkey block chain systems for banks.
2. Ripple XRP went LIVE in USE first time ever in 2020
3. Japan FSA declared Ripple's XRP as an exchange token and NOT a security
4. XRP is implemented INTO Ripplenet therefore all banks now have the option to use it for its PURPOSE to provide liquidity as needed .In contrast to XRPL, the RippleNet is exclusive to the Ripple company and was built on top of the XRPL as a payment and exchange network. The RippleNet currently offers a 3-product suite that is designed as a payment solution system for banks and other financial institutions. Currently, RippleNet has three major products: xRapid (where XRP is used), xCurrent, and xVia.
5. Ripple has built foundation in 40 countries
6. There are over 300 Banks connected to Ripplenet into their systems. Over a third of the worlds largest banks are using Ripple technology and at least 50 of the 300 actively use XRPL overseas. APPLYING AS IN --- ADDING INTEROBILITY
7. The Maturity date of XRPL has been said to be the year 2030. ---- Do you have diamond hands?
8. Ripple Labs has now registered a business in Wyoming which has flexible laws with crypto compared to many other states.
9. Ripple is a billion dollar crypto firm. aka Unicorn at its best with its hands connected to every backend major bank as well as our lovely BTC market----XRP has always been defined as the oil for this market.
10. XRP was built to handle trillions, why are whales still buying with the SEC lawsuit? Why are partnerships STILL happening? Why did did they make it harder for retail traders to enter XRP but you can still buy on the DEX protocols? Things that make you wonder and go hmmmm
Anyways I think we will find more answer come April/May this year
An important announcement come August
A breakout come November
These are just my opinions and I still hold my bags for XRP as it has always been my long term investment with the key mindset that 2020 was YEAR 1 for XRP.
Ducks are lining up and Ripple is a sound business. Their XRP plays a role in their company but XRP and Ripple are two separate entities. As we all play the waiting game for XRP just keep in mind the strings across these networks and how they are are connecting. We need the liquidity gun and XRP brings that to the table. Cheers...as always trade safe. These are my opinions and ideas and you should always analyze yourself and make your own decisions. I'm $0 to $100 on XRP with a confidence in where XRP will head in the future.
Some things to remember about XRP
1. Clarity given is necessary before UK launches Fast Payments operation "Big bang" as they call it Nov 5th..goes live Nov 22nd....this includes Ripplenet as well as many other backend protocols turnkey block chain systems for banks.
2. Ripple XRP went LIVE in USE first time ever in 2020
3. Japan FSA declared Ripple's XRP as an exchange token and NOT a security
4. XRP is implemented INTO Ripplenet therefore all banks now have the option to use it for its PURPOSE to provide liquidity as needed .In contrast to XRPL, the RippleNet is exclusive to the Ripple company and was built on top of the XRPL as a payment and exchange network. The RippleNet currently offers a 3-product suite that is designed as a payment solution system for banks and other financial institutions. Currently, RippleNet has three major products: xRapid (where XRP is used), xCurrent, and xVia.
5. Ripple has built foundation in 40 countries
6. There are over 300 Banks connected to Ripplenet into their systems. Over a third of the worlds largest banks are using Ripple technology and at least 50 of the 300 actively use XRPL overseas. APPLYING AS IN --- ADDING INTEROBILITY
7. The Maturity date of XRPL has been said to be the year 2030. ---- Do you have diamond hands?
8. Ripple Labs has now registered a business in Wyoming which has flexible laws with crypto compared to many other states.
9. Ripple is a billion dollar crypto firm. aka Unicorn at its best with its hands connected to every backend major bank as well as our lovely BTC market----XRP has always been defined as the oil for this market.
10. XRP was built to handle trillions, why are whales still buying with the SEC lawsuit? Why are partnerships STILL happening? Why did did they make it harder for retail traders to enter XRP but you can still buy on the DEX protocols? Things that make you wonder and go hmmmm
Anyways I think we will find more answer come April/May this year
An important announcement come August
A breakout come November
These are just my opinions and I still hold my bags for XRP as it has always been my long term investment with the key mindset that 2020 was YEAR 1 for XRP.
Ducks are lining up and Ripple is a sound business. Their XRP plays a role in their company but XRP and Ripple are two separate entities. As we all play the waiting game for XRP just keep in mind the strings across these networks and how they are are connecting. We need the liquidity gun and XRP brings that to the table. Cheers...as always trade safe. These are my opinions and ideas and you should always analyze yourself and make your own decisions. I'm $0 to $100 on XRP with a confidence in where XRP will head in the future.
